The Best Crypto Portfolio Trackers You Should Try

Using a crypto portfolio tracker is a great solution for traders who own multiple coins. What features to look for when choosing a portfolio tracker app?

A trading portfolio usually consists of the trader's active trades and usually has more than one type of asset. It is actually normal to open positions in several different assets. Some of the most common reasons why traders do it is to diversify their assets and hedge their positions. This practice is very popular among forex traders, but lately, crypto traders have also started doing it as well. Considering that there are a lot of cryptocurrencies out there right now, sometimes it becomes hard to keep track of all the assets they are trading with. This is where a crypto portfolio tracker comes in handy.

Why Do You Need a Portfolio Tracker?

Aside from helping traders to track their crypto assets, there are other benefits of a crypto portfolio tracker. In general, they can help you to:

1. Reach Your Financial Goals Easier

Having a lot of assets can be confusing as all of the information about it can be scattered around. This can be hard if you want to make decisions. One of the main features of a crypto portfolio tracker is to organize various information within a single place for better access. This will make your financial information easier to understand and absorb. Once you have a better understanding of where you stand or where you're going, it will be so much easier to create realistic goals that you can reach. In another word, the portfolio tracker can help you reach your financial goals easier.

2. Understand the Value of Your Assets

The crypto market is very volatile, so much so that the value of each coin might change within every minute of every day. This is really hard to track if you have open positions in several different crypto assets. It is almost impossible to check every one of them because they might change while you are checking another cryptocurrency.

However, most crypto portfolio tracker allows users to check their assets in one simple interface. This will help you get a clearer picture of the value of different crypto coins before a major trade. You can also see which positions are profitable and which ones you need to close, all from a single glance.

3. Be Aware of Market Opportunities

The liquidity of the crypto market can be insane sometimes, which means there are plenty of opportunities to enter or exit. These wild swings are great for traders, but they can be hard for traders who own a lot of digital assets because they don't have an accurate view of their own buying power. But with an exceptional crypto portfolio tracker, it's possible to get the latest info on market opportunities at your disposal.

4. Diversify Your Portfolio Easier

A lot of traders diversify their assets in an effort to protect themselves from unfavorable market movements. Well-diversified portfolios are generally protected from significant losses when markets experience their typical ups and downs. While it is a great practice, it can be a headache to control. Good crypto portfolio trackers empower investors to branch out and pursue diversification without causing them to be overwhelmed or lose track of their assets.

Features to Look For

There are countless crypto portfolio trackers available in the market nowadays. When looking for the best one, there are several aspects to consider.

1. Compatibility with Wallets and Exchanges

Before checking other features, your need to make sure that the portfolio tracker can be integrated with your wallets and exchanges. No matter how good it is, it will be useless if it doesn't support your accounts. Most portfolio trackers usually support popular assets, wallets, and exchanges, but that doesn't mean you shouldn't check beforehand. Aside from that, it is also important to find a portfolio tracker that is very easy to use.

2. Analytics

Some of the best portfolio trackers provide analytical insights. This is a great tool that can help you understand how well or how bad your assets performing. That way, you can make more informed decisions about how to improve your overall financial health. Make sure that these tools can be accessed from all kinds of devices, be they computers or smartphones. Most crypto traders are very mobile, so it's important to have a portfolio tracker that is available to check even during vacations.

3. Customer Service

This might seem to be a very trivial feature to have, but it actually serves a great deal. After all, a crypto portfolio tracker might have some problems in it. When that happens, it's nice to know that there is customer service ready to assist you anytime. Unfortunately, sometimes this feature only comes with more expensive tiers. If this is a deal-breaker, better look for other portfolio trackers that provide support for all users.

4. Security

Security is one of the most important things to consider when choosing the right crypto portfolio tracker. For example, they might steal the users' data and resell it to advertisers or use it themselves to upsell the users or target them with their own ads. Aside from that, portfolio trackers also have access to traders' financial information and in some cases login credentials. Not to mention there are plenty of fake apps claiming to be legit exchanges, wallets, and even portfolio trackers. If a financial app isn't transparent about its security and privacy details, better move on and look for a better app.

Finding the best portfolio tracker can be a hard task, especially because there are a lot of them out there. Here are some of the best crypto portfolio trackers to try.

1. Kubera

Kubera is a great crypto portfolio tracker that enables clients to connect their bank accounts, brokerages, exchanges, and other institutions. Aside from cryptocurrencies, this app can also manage fiat currencies, real estate investments, physical goods, DeFi assets, and many more. Kubera makes it possible for traders to check the real-time value of their assets to help them analyze how well their portfolio performs. Right now, Kubera is available on iOS and Android. They prioritize security, privacy, as well as support for clients.

2. CoinStats

CoinStats is a great crypto portfolio tracker that is suited for traders who wish to get a detailed overview of all their crypto assets. With just one account, traders will gain access to multiple exchanges including Binance, Coinbase, Kraken, Bittrex, and more. Aside from that, it also allows access to track non-custodial wallets such as MetaMask, Ledger, Bitcoin Wallet, and beyond. The best part is that with CoinStats, traders can purchase crypto directly and identify the best price for any coin they want before making a purchase.

3. FTX

FTX or formerly known as Blockfolio provides an asset tracking solution as well as trading. It has great features that make crypto and digital assets accessible from several angles. The exchange itself offers abundant assets such as NFTs, DeFi, and cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and more.

FTX focus on giving its users the best products as well as security, privacy, and ease of use to get more people into the crypto world. This is one of the best portfolio trackers for traders who want to go all-in on digital assets and make the most of what the platform offers.

4. Coin Market Manager

Coin Market Manager is a solution for active traders. Aside from its built-in trading feature, Coin Market Manager can generate reports that break down trading history and performance. That way, traders will gain more insights to help them choose which strategies work for them and where they can improve.

This app is also an official partner of the Binance exchange, so Binance users can get detailed portfolio tracking and analytics features from Coin Market Manager. Unfortunately, this app isn't available via mobile and has very limited choices of exchanges it can integrate with.

5. Delta

At first, Delta seems like a pretty standard crypto portfolio tracker. But, it has now evolved a bit to become a standout for crypto enthusiasts. Delta features allow traders to view analytics for each cryptocurrency's movements over time. Traders can also access trade history, each asset's source,  location, their most used exchanges, and more. There are in-depth options where traders can analyze their favorite digital assets with direct links to the official websites, whitepapers, and social media platforms.

Control Your Digital Asset Better

Crypto enthusiasts tend to own multiple cryptocurrencies across different blockchains and use different wallets. While this can be a good asset diversification, it can be a pain to control all of those assets at once. That is why some traders prefer to use crypto portfolio trackers to check all of their assets easily. Portfolio trackers are essential for both casual and professional cryptocurrency traders since they make it possible to monitor price changes with ease. However, it is also important to know what kind of features to look for when choosing a portfolio tracker. With the right app, tracking each asset's performance would be easier.

While controlling cryptocurrency is important, traders should also protect their assets from malicious attacks or being stolen by hackers. So, what can they do to secure their crypto accounts?